H&R Block Testimony of IRS Tax Preparer Regulations

KANSAS CITY, MO (MARKETWIRE via COMTEX) -- H&R Block (NYSE: HRB) is pleased to testify in support of the proposed IRS regulations for tax return preparers. As an industry leader for 55 years, we believe everyone will benefit from this effort to raise the professional standards for all tax return preparers. That's especially true for taxpayers, who will have confidence knowing the preparers they use will be knowledgeable, skilled and ethical; and who will benefit from the subsequent lower error rates and fewer audits. H&R Block is eager to work with the IRS to ensure a smooth and fair implementation of these common-sense regulations. The recommendations we offered today will ensure that all taxpayers benefit as quickly as possible from these new regulations.

Among H&R Block's recommendations:

  • The IRS should allow employers to use a group registration process and to validate employee PTINs, which would jumpstart implementation of the new regulations in a cost-effective manner.
  • The definition of tax return preparer should be broadened, so that taxpayers are confident that any preparer they engage, paid or unpaid, has the same standards of knowledge, skill and ethics.
  • The effective date of Dec. 31, 2010, should be contingent on adequate preparation, including a robust IRS public awareness campaign, so that tax preparers and taxpayers alike understand and support the new regulations.

About H&R Block

H&R Block Inc. (NYSE: HRB) is the world's preeminent tax services provider, having prepared more than 500 million tax returns since 1955. In fiscal 2009, H&R Block had annual revenues of $4.1 billion and prepared more than 24 million tax returns worldwide, utilizing more than 100,000 highly trained tax professionals. The Company provides tax return preparation services in person, through H&R Block At Home(TM) online and desktop software products, and through other channels. The Company is also one of the leading providers of business services through RSM McGladrey.

SOURCE: H & R Block

###

Comments:

comments powered by Disqus

Franchise News Room »


News By Industry »


Featured Opportunities

The Hummus Republic
The Hummus Republic is a Modern Mediterranean QSR, hungry for change in the fast casual food industry. We're here to bring the flavors of authentic...
Wayback Burgers
Wayback Burgers is strategically poised to grow dynamically. This could be your opportunity to partner with a leader in a rapidly growing food market...
The Human Bean
Our commitment to developing the best drive-thru espresso led us to franchising. Unlike nearly all other franchises, we do not charge...
la Madeleine
Things don't get much better than breakfast at la Madeleine--unless, of course, it's lunch or dinner.
Sbarro, LLC
An award-winning franchise company, Sbarro is known for selling XL NY pizza by the slice with dough made in-house daily & 100% Whole Milk...
Share This Page

Subscribe to Franchising.com Express

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2018.
All Rights Reserved.